Bitcoin fell 1% over the past 24 hours as bearish sentiment grew among analysts including Jim Cramer, a former hedge fund manager and CNBC host. Total market capitalization fell 0.3%.
Ether (ETH) showed stability around $1,500 with a gain of 0.5% after almost a week of decline. The token began to fall after the Ethereum Foundation sold $2.7 million in ETH for stablecoins.
XRP and BNB Chain tokens fell 0.4%, while SOL Solana fell 1.4%. The only gainer among large-cap tokens was Chainlink's LINK, which rose 2.2% as one research agency noted it was likely the "safest bet" to profit from the new real-asset tokenization trend.
The CoinDesk Market Index (CMI) fell 0.4%, pointing to overall losses among investment portfolios.
Cramer joined a growing group of bearish analysts, suggesting that Bitcoin could "fall hard."
Earlier this week, several traders told CoinDesk they expect risk assets such as Bitcoin and tech stocks to fall further as the conflict between Hamas and Israel worsens, raising concerns about global instability and a shift to safe haven assets.